1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.91%
ETH: -2.33%
SOL: -5.46%
XRP: -4.77%
BNB: -3.69%
Trump: -5.72%
SUI: -5.75%
DOGE: -3.18%
LTC: +5.88%
PEPE: -7.91%
24-hour price increase list (data source: OKX):
ZBCN: +28.53%
ACH: +15.75%
DUCK: +11.06%
MKR: +9.07%
SD: +8.97%
GALFT: +8.03%
IP: +7.25%
NC: +7.15%
AUCTION：+6.6%
LTC: +6.21%
2. 24-hour hot search currencies
Broccoli (CZ donation wallet version): Influenced by CZ’s public donation wallet address, the market value of the Broccoli token, which has the same name as his pet dog, once exceeded 40 million US dollars.
Headlines
Kraken completes the first fund distribution of FTX estate, paying more than 46,000 creditors
Odaily Planet Daily reported that Kraken has completed the first fund distribution of FTX estate, paying compensation to more than 46,000 creditors.
Earlier news, according to Aggr News on the X platform, some users have reported receiving reimbursement payments from FTX on the Kraken platform.
Libra Token Co-Founder Claims to Have Bribed Argentine President Milley’s Sister
According to CoinDesk, Hayden Davis, co-founder of Libra Token, claimed in a text message last December that he had influenced the president’s decision by bribing Karina Milei, the sister of Argentine President Javier Milei, and said, “I sent money to his sister, and he signed any document I said and did what I wanted.” Karina Milei is an important figure in Milei’s government. She is currently the Secretary-General of the Argentine Presidential Palace and the sister of the current Argentine President Javier Milei. At present, neither Karina Milei’s office nor Hayden Davis responded to requests for comment, and it is unclear whether the latter actually paid the funds.
Odaily Planet Daily News: Jupiter co-founder meow YuX responded to the Libra incident: Hello everyone, I am meow from Jupiter, and I am also the co-founder of Meteora.
First, let me reiterate my confidence that no one at Jupiter or Meteora has committed any insider trading or financial misconduct, nor has anyone improperly acquired any tokens.
Second, we are hiring an independent third party (the well-known law firm Fenwick West) to conduct an investigation and publish a report, and they will publish the report independently.
Third, I stand by Ben and his statement. I believe what he says about no financial impropriety in his dealings with his partners.
Meteora has been operating as a separate entity from Jupiter for over a year now, and Ben has been running it without me being involved. He has done an amazing job building the team, the most innovative DEX of the past year, and the most active LP community in the world.
While I have 100% confidence in Bens character, as the project leader he has also demonstrated a lack of judgement and concern for certain core aspects of the project (given its current size and reputation) over the past few months.
Unfortunately, this is unacceptable. Ben understands this and has chosen to resign. Moving forward, we will be searching for a new leader for Meteora.
Kuande Investments responds to former employees comments: the content is untrue
Odaily Planet Daily News: A piece of news about an employee of the well-known quantitative private equity firm Kuande Investment accused the company of using brain-computer weapons to persecute its employees on a social platform continues to ferment in the private equity circle. As for the above more abstract accusations, Kuande Investment responded on February 18: The company has noticed the inappropriate remarks about the company on the online platform. After verification, the publisher of the remarks did work for the company for a short period of time (joined the company in July 2022 and voluntarily resigned in early September of the same year, with a term of about 1 month). At present, the publisher has terminated the labor relationship with the company, and his remarks are personal behavior, and the content described contains false and misleading information. (China Securities Taurus)
According to previous news, a programmer named hulezhi deposited 500 ETH into the black hole address to make an on-chain message, which involved the boss of Kuande Investment Company using brain-computer weapons to persecute employees.
Industry News
FTX: The next round of repayment distribution is expected to begin on May 30, 2025
Odaily Planet Daily News FTX announced that it has begun the first repayment distribution to the holders of approved claims in the Convenience Classes in FTXs Chapter 11 reorganization plan. Customers are expected to receive funds within 1 to 3 business days. The expected registration date for the next round of distributions is April 11, 2025, applicable to holders of approved FTX Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims, all of which are defined in the reorganization plan (Plan). For Convenience Claims that have been approved after the initial registration date but have not yet received a distribution, the next round of registration date is also set for April 11, 2025. The next round of distributions is expected to begin on May 30, 2025.
Strategy plans to issue $2 billion in convertible senior notes to increase its Bitcoin holdings
Odaily Planet Daily News Bitcoin finance company Strategy (formerly MicroStrategy) said on Tuesday that it plans to issue $2 billion in convertible senior notes with an interest rate of 0%. Strategy intends to use the proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin.
The notes will mature on March 1, 2030, unless earlier repurchased, redeemed or converted. Strategy will settle conversions in cash, Class A common stock or both. Strategy also plans to grant the initial purchasers an option to purchase up to $300 million of additional notes within five business days of the issuance. (The Block)
Earlier news, Strategy (formerly MicroStrategy) submitted its 10-K annual report on February 18, showing that the company recorded a net loss in fiscal 2024 due to $1.79 billion in digital asset impairment losses. It also warned that if the market value of Bitcoin falls sharply, it may not be able to return to profitability in future periods and may affect its ability to fulfill its financial obligations. According to the Inflation Reduction Act, the unrealized fair value gains of its Bitcoin holdings may be subject to a 15% corporate alternative minimum tax (CAMT).
Coinbase releases cbBTC reserve certificate: total reserves 26602.6 BTC, reserve rate exceeds 100%
Odaily Planet Daily reported that Coinbase released the cbBTC Proof of Reserves. As of February 19, the current total reserves are 26,602.6 BTC, the total supply is 26,490.13 cbBTC, and the reserve rate exceeds 100%.
The network supply status is as follows:
Ethereum: 16, 133.911 CBBTC;
Base: 7,655.391 CBBTC;
Solana: 2,649.43 CBBTC;
Arbitrum: 51.395 CBBTC.
Odaily Planet Daily News: Binance Customer Support responded to community users on the X platform regarding the PI community voting dispute, saying: According to relevant requirements, it has been marked in the simplified Chinese announcement of Binance Community Voting, including but not limited to users living in mainland China and other countries or regions will not be counted in the valid voting results. At the end of the event, we will remove votes that do not meet the conditions or are from users in inapplicable regions and votes that violate the terms and conditions, and announce the final number of valid votes. The results of this vote are for reference only, and whether the project will be launched will be evaluated and decided based on the official listing review process and standards.
Odaily Planet Daily reported that Argentine President Milley said on a TV show about the Libra incident: I acted in good faith, but suffered a blow. Did the country lose money? No. Did the Argentines lose money? Maybe four or five at most. The vast majority of investors are Chinese and Americans.
I shared Libra the same way I’ve shared hundreds of things. My tweet was three minutes after the token was created because I’m passionate about these things and I discovered it. These people are volatility traders and know what they’re doing.
Hayden Davis proposed creating a structure to provide funding to entrepreneurs who lack financing options due to informality. When Libra became public, I helped spread the word.
The claim that 44,000 people were affected is wrong, it was only 5,000 at most. The likelihood that Argentinians were involved is very small. These are highly specialized individuals who use this financial instrument. Those who participated were well aware of the risks – they were volatility traders. This was a private matter between individuals and they participated voluntarily.
I didn’t promote it, I shared it. I did it because I’m a die-hard tech optimist. Any move that improves funding for tech entrepreneurs interests me. I didn’t make any mistakes because I meant well. But when I saw the political fallout, I realized I needed to learn something. I needed to understand that after becoming president, I continued to behave like Javier Millay the same way I did before. Unfortunately, this situation taught me that I need to improve my screening skills and not make myself so accessible.”
Odaily Planet Daily News: DefiTuna founder Moty publicly announced through X yesterday that DefiTuna has refunded and severed all relations with Kelsier. Kelsier contributed $30,000 to the project on January 16, 2025. Afterwards, Moty revealed the following information in a series of posts:
-Kelsier participated in a structured scheme to extract huge amounts of money from the issuance of Meme coins on M3M3;
-Meteora’s leadership (including Ben) facilitated a network of influencers who made huge profits at the expense of the community;
- Despite being contacted directly, Meteoras core contributors took little to no responsibility;
-Meteora co-founder Ben said he would resign after being questioned, but issued a vague public response.
“I personally went the extra mile, risking myself and everything we had built at DefiTuna, to try to get key people to come forward and name the bad actors to try to remove them,” Moty said.
Chairman of the South Korean Financial Services Commission: Upbit sanctions review is about to end
Odaily Planet Daily News: Kim Byung-hwan, Chairman of the Financial Services Commission (FSC) of South Korea, announced that he will soon make a decision to sanction Upbit for violating customer verification obligations. He said: Compared with other sanctions, I expressed my intention to resolve this issue as soon as possible because there are areas that may affect the market, and we are proceeding accordingly. He added: We have held several meetings to listen to the opinions of relevant parties. (Yonhap News Agency)
Earlier in January, Upbit was ordered to suspend business for rectification by the South Korean financial regulatory authorities for violating anti-money laundering obligations such as the customer identification system (KYC). The Financial Information Analysis Institute (FIU) of the Financial Services Commission of South Korea notified Upbit in advance on the 9th of this month of sanctions with the main content of suspension and rectification because it violated the Specific Financial Transaction Information Act. If the punishment is finalized, Upbit will restrict business related to new customers during the suspension period (up to 6 months), but existing users can still trade on Upbit. Upbit can submit an opinion on this punishment to the FIU before the 20th of this month. After receiving Upbits defense, the FIU will hold a sanctions review meeting on the 21st of this month to finalize sanctions such as the suspension period.
Musk officially releases AI model Grok 3
Odaily Planet Daily News: Musks artificial intelligence startup xAI officially released a new generation of chatbot Grok 3. Musk previously called it the smartest artificial intelligence on earth.
DogeDesigner shared data showing that Grok 3 outperformed OpenAIs GPT-4 o, Claude 3.5, Deepseek V3, and Gemini 2 Pro in multiple benchmarks.
Musk announces the establishment of xAi game studio
Odaily Planet Daily News According to market news, Musk announced the establishment of xAi game studio.
Earlier today, on February 17, overseas blogger Dima Zeniuk posted a photo of Musk and several people on the X platform, and wrote that xAI is about to open an AI game studio. Later, Musk himself confirmed the news, emphasizing that this thing must be done well and reiterated Make games great again!.
According to the monitoring of chain analyst Ai Yi, the address that spent $16.41 million to build positions in PNUT, ai16z and arc in the past three months is likely to belong to Galaxy Digital. At present, the cumulative loss of the institution on these three Memecoins is as high as $8.493 million, including:
PNUT: 21.46 million PNUTs held, cost $0.3743, floating loss $4.935 million;
ai16z: holding 7.53 million tokens, cost $0.7446, floating loss $3.133 million;
Arc: All funds were deposited into Gate yesterday, with a cost of $0.2913 and a loss of $425,000. It is not yet certain whether it participated in market making.
Project News
Monad: Testnet will be launched on February 19
Odaily Planet Daily News: Parallel EVM network Monad announced in X that the test network will be launched on February 19, 2025.
Odaily Planet Daily News Hyperliquid officially announced that the HyperEVM mainnet is now online, bringing universal programmability to Hyperliquids high-performance financial system. The initial release of HyperEVMs mainnet includes: HyperEVM blocks are built as part of L1 execution, inheriting all the security of HyperBFT consensus; spot transfers between native spot HYPE and HyperEVM HYPE; a standardized WHYPE system contract suitable for DeFi applications.
Binance Releases BurgerCities (BURGER) Token Economic Model Changes Involving Total Supply Increase
Odaily Planet Daily News: According to the official announcement, Binance announced changes to the economic model of the BurgerCities (BURGER) token. The total supply of BURGER will or has increased, with an annual inflation rate of 6% to 12%.
Odaily Planet Daily News Abstract contributor cygaar posted a post on the X platform in response to some Abstract users being attacked:
1. The problem is related to Cardex. If you have interacted with this app before, please cancel the related session;
2. It is not an AGW contract issue. There is no vulnerability in the wallet function. This specific issue is related to the applications negligence in session key management.
3. If you have never interacted with Cardex, your funds are safe;
4. The contract has been audited multiple times, and the Session key module has been specifically reviewed. The relevant report will be released soon.
Odaily Planet Daily News: Reeve Collins, one of the co-founders of Tether, is launching an interest-bearing stablecoin. Like some new players in the stablecoin field, such as Ethena and M^0, Collins Pi Protocol will provide holders with the income that may be obtained through tokenized RWA. This is different from the initial batch of stablecoins, such as the fiat-backed USDT and USDC, and the algorithm-backed DAI, which only tracks the value of the US dollar.
According to reports, the stablecoin protocol is expected to be launched on the Ethereum and Solana blockchains in the second half of 2025, and will use smart contracts, or computer programs that automatically execute transactions between parties such as exchanges and market makers, to mint its USP stablecoin. As a reward, minters will receive another USI token as income. The stablecoin will be backed by real-world assets that generate income, such as bonds. (Bloomberg)
Odaily Planet Daily News: DEXX posted on the X platform that the compensation work is progressing steadily. As of now, the compensation process has reached 30%. Some problems have also been encountered in the compensation process. For example, some users did not receive compensation in time because they did not generate a new secure wallet or did not pledge NFT; there were also a large number of repeated customer service work order feedback to check for deficiencies and fill in the gaps, which also slowed down the compensation progress to a certain extent, but they have been working hard to solve these problems and actively communicate and coordinate with users.
Investment and Financing
Bankless Ventures announces launch of Fund II with $50 million target
Odaily Planet Daily reported that according to official news, Bankless Ventures announced the launch of its second fund (Fund II), with the goal of raising US$50 million, and plans to add an investment partner to look for outstanding founding teams and transactions.
In addition, Bankless Ventures Fund I has completed 90% of capital deployment, with a scale of US$40 million.
It believes that the frontier areas of the future crypto industry include AI agents, stablecoins, and ZK technology, and Bankless Ventures will deploy capital in these areas.
Crypto security company Blockaid completes $50 million Series B financing, led by Ribbit Capital
Odaily Planet Daily News: Crypto security platform Blockaid announced the completion of a $50 million Series B financing round, led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. This financing will help Blockaid cope with the growing cybercrime risks in the digital asset sector. Blockaid plans to use the funds to expand operations and increase investment in research and development, and expects to double its headcount this year. (Bloomberg)
Altius Labs Completes $11 Million Pre-Seed Round of Financing, Led by Founders Fund and Pantera
According to Odaily Planet Daily, the crypto startup Altius Labs has completed a $11 million Pre-Seed round of financing, led by Founders Fund and Pantera, with participation from Archetype, Reforge, DCG, No Limit Holdings, Amber Group, Berachain, Movement, Ethena Labs, Ritual, dao 5, Solana Foundation, Hudson River Trading, etc. Altius Labs was co-founded by Anit Chakraborty, a former software engineer at Hudson River Trading, and Annabelle Huang, a former managing partner of Amber Group, and is committed to developing a modular execution stack that is independent of virtual machines (VMs). (Bloomberg)
Curve founder launches new project Yield Basis and completes $5 million in fundraising
Odaily Planet Daily News: Michael Egorov, founder of Curve Finance, launched a new project Yield Basis and raised $5 million with a token valuation of $50 million. The project aims to help tokenized Bitcoin and Ethereum holders earn income from market creation by mitigating impermanent losses. According to the financing materials, the project sold 10% of its total supply of YB tokens to investors - that is, 100 million out of 1 billion tokens. The investors vesting plan includes a 6-month lock-up period, followed by a 2-year linear unlocking. (THeBlock)
Ethereum Layer 2 Network OpenZK Receives Early Investment from Animoca
According to official news, OpenZK announced that it has received early investment from Animoca, and is committed to promoting the expansion and sustainable development of the Ethereum ecosystem. In addition, the OpenZK mainnet and airdrop points activities will start this weekend.
It is reported that OpenZK is a new generation of Ethereum layer 2 network, which uses ZK architecture as L2 main body, integrates ETH native staking, re-staking and RWA stablecoin staking functions, and aims to provide users with one-click staking and multiple benefits. Innovative solutions. OpenZK is actively exploring the dual-currency gas fee mechanism, and it is expected to use ETH and native tokens as network gas fees at the same time in the future.
Odaily Planet Daily News: Hong Kong-listed company Boyaa Interactive issued a voluntary announcement, disclosing that it has signed a token subscription warrant with MTT ESports Limited, and will make further investment in MTT ESports (second investment) with 4,180,749 Tether (USDT) as consideration. After the second investment is completed, Boyaa Interactive will obtain 10% of the total issuance of MTT tokens (MTT Tokens), that is, 210 million MTT tokens. It is expected that the MTT tokens obtained will be unlocked linearly from January 2026 and will be unlocked in about 48 months. After the second investment is completed, the total investment value of Boyaa Interactive in MTT ESports is equivalent to approximately US$10 million.
Regulatory policies
Odaily Planet Daily News Utah Blockchain and Digital Innovation Amendment has been submitted to the Senate for approval. If passed, it will allow the state to invest 10% of state funds in Bitcoin and other digital assets. Utah still leads in the state reserve bill race, followed by Arizona and Oklahoma.
Odaily Planet Daily reported that John Reed Stark, a former US SEC official, believes that the SECs lawsuit against Coinbase may be stillborn because the regulators newly formed cryptocurrency working group is seeking to resolve previous enforcement actions against the exchange.
In a Feb. 17 post on X, Stark explained why the SEC requested a 28-day extension to respond to Coinbase’s petition for leave to appeal. “According to the unprecedented three-page joint motion, the SEC’s review of cryptocurrency-related issues is ‘ongoing,’ and the extension will give the SEC time to conduct an ‘appropriate review’ as it prepares its response to Coinbase’s petition. In other words, the SEC’s case against Coinbase may be over,” Stark said.
Stark estimated that the SEC’s lawsuit against Binance will also have the same outcome. He cited a joint motion filed on February 11, in which the two parties believed that the SEC’s cryptocurrency task force “may influence and promote the potential resolution of this case.”
The same is true for Ripple, which has been embroiled in litigation with the SEC since 2020, and “expects that all cryptocurrency-related appeals, including those in the Ripple case, will be suspended or, more likely, withdrawn entirely.”
Characters Voices
Michael Saylor: Strategy did not buy any Bitcoin last week and currently holds 478,740 BTC
Odaily Planet Daily reported that Michael Saylor posted on the X platform that Strategy did not purchase any Bitcoin last week, nor did it sell any Class A common stock according to its market value stock issuance plan. As of February 17, 2025, it held 478,740 BTC, with an average purchase price of approximately US$65,033.
OpenSea CEO: I will not tolerate any vicious attacks
Odaily Planet Daily reported that OpenSea co-founder and CEO Devin Finzer posted on the X platform that he had listened to feedback on the current XP system and suspended XP used directly for listing and bidding. OpenSea will continue to reward buyers and holders who use OS 2.
Regarding liquidity incentives, I want to make it clear that OpenSea operates in a highly competitive market. Liquidity is the foundation of any market, so adjustments/enhancements will be seriously considered, but some form of liquidity rewards is very important to provide a strong product in the market. Currently, we have seen some vicious verbal attacks on the X platform. OpenSea is listening closely during the construction process, but will not allow bullying.
Zhu Su: Already long SOL at $170.5
Odaily Planet Daily reported that Zhu Su, co-founder of Three Arrows Capital, wrote that he has gone long on SOL at $170.5.
